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- Publisher Website: 10.1016/S1049-0078(96)90005-6
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Article: Stock prices, inflation and output: Evidence from India
Title | Stock prices, inflation and output: Evidence from India |
---|---|
Authors | |
Issue Date | 1996 |
Publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/asieco |
Citation | Journal Of Asian Economics, 1996, v. 7 n. 2, p. 237-245 How to Cite? |
Abstract | A negative relationship between stock market returns and inflationary trends has been widely documented for developed economies in Europe and North America. This study provides similar evidence for India. The study investigates the relationship in light of Fama's (1981) explanation that centers around linkages between inflation and real activity, and between stock returns and real activity. The results provide only partial support for Fama's hypothesis. The relationship between real activity and inflation does not account for the negative relationship between real stock returns and the unexpected component of inflation. (JEL: F31, 053). |
Persistent Identifier | http://hdl.handle.net/10722/177707 |
ISSN | 2023 Impact Factor: 2.9 2023 SCImago Journal Rankings: 0.825 |
References |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Chatrath, A | en_US |
dc.contributor.author | Ramchander, S | en_US |
dc.contributor.author | Song, F | en_US |
dc.date.accessioned | 2012-12-19T09:39:38Z | - |
dc.date.available | 2012-12-19T09:39:38Z | - |
dc.date.issued | 1996 | en_US |
dc.identifier.citation | Journal Of Asian Economics, 1996, v. 7 n. 2, p. 237-245 | en_US |
dc.identifier.issn | 1049-0078 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/177707 | - |
dc.description.abstract | A negative relationship between stock market returns and inflationary trends has been widely documented for developed economies in Europe and North America. This study provides similar evidence for India. The study investigates the relationship in light of Fama's (1981) explanation that centers around linkages between inflation and real activity, and between stock returns and real activity. The results provide only partial support for Fama's hypothesis. The relationship between real activity and inflation does not account for the negative relationship between real stock returns and the unexpected component of inflation. (JEL: F31, 053). | en_US |
dc.language | eng | en_US |
dc.publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/asieco | en_US |
dc.relation.ispartof | Journal of Asian Economics | en_US |
dc.title | Stock prices, inflation and output: Evidence from India | en_US |
dc.type | Article | en_US |
dc.identifier.email | Song, F: fmsong@hkucc.hku.hk | en_US |
dc.identifier.authority | Song, F=rp01095 | en_US |
dc.description.nature | link_to_subscribed_fulltext | en_US |
dc.identifier.doi | 10.1016/S1049-0078(96)90005-6 | en_US |
dc.identifier.scopus | eid_2-s2.0-0041113411 | en_US |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-0041113411&selection=ref&src=s&origin=recordpage | en_US |
dc.identifier.volume | 7 | en_US |
dc.identifier.issue | 2 | en_US |
dc.identifier.spage | 237 | en_US |
dc.identifier.epage | 245 | en_US |
dc.publisher.place | Netherlands | en_US |
dc.identifier.scopusauthorid | Chatrath, A=6701310668 | en_US |
dc.identifier.scopusauthorid | Ramchander, S=6603648934 | en_US |
dc.identifier.scopusauthorid | Song, F=7203075605 | en_US |
dc.identifier.issnl | 1049-0078 | - |